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detailed clarification on excise tariff notification no.34/2015 35/2015&36/2015 dated 17/07/2015

Central Excise - Started By: - manan pandya - Dated:- 20-7-2015 Last Replied Date:- 26-7-2015 - dear experts,can any one pls explain the clarification in detailed ..?regards,Manan Pandya - Reply By CS SANJAY MALHOTRA - The Reply = Central Board of Excise and Customs has issued Notification No. 34/2015-CE dated 17.07.2015 thus amending Notification No. 30/2004-CE dated 09.07.2004, which provides for Excise Duty exemption on Textile Goods PROVIDED no CENVAT Credit has been availed on Inputs. Recen .....

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L Duty or EXEMPTED goods. In case of Cotton yarn, the raw material i.e. cotton is exempted from duty payment and in lieu of amended notification, the benefit of Excise Duty exemption shall not be available on Cotton yarn. Further the CBEC has earlier clarified in 2002 vide Notification No. 14/2012 dated 01.03.2012 as amended by Notification No. 37/2002 dated 10.12.2002 that the Raw Material bought from market shall be considered as DUTY PAID goods, which again has not been mentioned in the recen .....

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pandya - The Reply = thank you so much sir,i really , really very thankful to you for giving clarification ..regards,Manan Pandya - Reply By NUFASHION FOOTWEAR - The Reply = Dear Sanjay Sir,Greetings for the day.Sir, we are footwear manufacturers, and we have not taken excise registration because our MRP is less than ₹ 500/-.So, can u pls tell me if this notification has any impact on us?We use raw material both chargeable to duty & not chargeable to duty. - Reply By CS SANJAY MALHOTRA .....

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